McLaren Racing to sell third of company to US-based investors
By Andrew BensonChief F1 writer
Last updated on
Briton Lando Norris in action for McLaren in Abu Dhabi
McLaren Racing has agreed to sell a third of the company to a group of United States-based investors.
MSP Sports Capital will inject £185m by the end of 2022 in a deal valuing the British company at £560m.
The consortium has initially bought 15% of the firm running McLaren s Formula 1 and IndyCar teams. It will rise to 33%. This investment bolsters our plan to return to contention for wins and championships in F1 and IndyCar, said McLaren Racing chief Zak Brown.
Race to Dubai: Lee Westwood seals title as Matthew Fitzpatrick wins DP World Tour Championship
By Peter ScrivenerBBC Sport
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Lee Westwood got a hug from his former caddie Billy Foster, who is now on the bag of Matt Fitzpatrick
DP World Tour Championship - final leaderboard
-15 M Fitzpatrick (Eng);
Selected: -12 S Valimaki (Fin), L Canter (Eng);
-9 T Hatton (Eng); Denotes won Race to Dubai
Lee Westwood has won a third Race to Dubai title after an extraordinary finish to the European Tour season at the DP World Tour Championship.
Matthew Fitzpatrick won the event on 15 under but Englishman Westwood took the season-long title after Laurie Canter double bogeyed the par-three 17th.